The homeowners association plays an indispensable role in communities. HOA uses dues collected from members to maintain common areas and shared services. While HOA plays a vital role in the community, the people sitting on the board are volunteers.
As residents themselves, the volunteer board carries out their duties to improve the community. While implementing community by-laws, it’s common for conflicts to happen. Collecting dues could also be a struggle. With these challenges, many communities in Fort Collins opt for HOA Management. Companies like Faith Property Management assist HOA in addressing community needs and challenges.
Here’s what HOA management can do for your community.
Expert Third Party Management
HOA management companies take over some duties for your HOA. HOA duties often demand more time and effort than what volunteers can spare. Many times, no one wants to be the bad guy.
Instead of using volunteers, HOA may hire a third-party manager to deal with its duties. HOA managers can take charge of site management, problematic neighbors, and other issues. They may also provide expert advice to the HOA board and implement the community’s rules.
Take Charge of HOA Dues
Aside from managing communities, most HOA management companies collect association dues. HOA funds go towards the upkeep of common spaces, pool cleaning, lawn care, and security.
Without this money, community associations can’t maintain the property. Someone needs to focus on collecting payments, paying the bills, accounting, and reporting. HOA management companies can take charge of collections and other administrative duties.
Resolve Community Concerns
HOA management is a big job, and few people are up to the task.
Community members who violate the rules cause headaches for the HOA board. Sometimes, conflicts happen within the community due to HOA violations. This can be a source of frustration to a volunteer board.
HOA managers will entertain complaints and, when needed, enforce the rules and by-laws. They can also serve as the primary contact instead of the HOA board.
HOA management firms take care of duties that a volunteer board can’t handle. HOA managers do not have absolute power, but they have the power vested by the HOA board. Your HOA manager may handle site management, admin, accounting, and accounts receivable management.
When your board could not get anything done, get in touch with Faith Property Management. HOA managers allow your board to address the needs of your Fort Collins community without all the stress.